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REGISTERED NUMBER: 12022269 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2023

FOR

L.M.E PLUMBING LIMITED

L.M.E PLUMBING LIMITED (REGISTERED NUMBER: 12022269)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L.M.E PLUMBING LIMITED

COMPANY INFORMATION
for the Year Ended 31st May 2023







DIRECTORS: Mr L Eades
Mrs L Eades





REGISTERED OFFICE: 5 Nutford Street
Redditch
Worcestershire
B97 6DG





REGISTERED NUMBER: 12022269 (England and Wales)





ACCOUNTANTS: SAS Accountant Ltd t/as OJW Associates
16 Hennals Avenue
Webheath
Redditch
Worcestershire
B97 5RX

L.M.E PLUMBING LIMITED (REGISTERED NUMBER: 12022269)

BALANCE SHEET
31st May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71,385 29,846

CURRENT ASSETS
Stocks 5 37,500 20,000
Debtors 6 55,351 53,665
Cash at bank 2,719 3,444
95,570 77,109
CREDITORS
Amounts falling due within one year 7 111,975 43,779
NET CURRENT (LIABILITIES)/ASSETS (16,405 ) 33,330
TOTAL ASSETS LESS CURRENT LIABILITIES 54,980 63,176

CREDITORS
Amounts falling due after more than one
year

8

(46,727

)

(56,233

)

PROVISIONS FOR LIABILITIES 10 (7,388 ) -
NET ASSETS 865 6,943

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 765 6,843
SHAREHOLDERS' FUNDS 865 6,943

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

L.M.E PLUMBING LIMITED (REGISTERED NUMBER: 12022269)

BALANCE SHEET - continued
31st May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th February 2024 and were signed on its behalf by:





Mr L Eades - Director


L.M.E PLUMBING LIMITED (REGISTERED NUMBER: 12022269)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2023


1. STATUTORY INFORMATION

L.M.E Plumbing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

L.M.E PLUMBING LIMITED (REGISTERED NUMBER: 12022269)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st June 2022 39,795 - 39,795
Additions 3,419 49,099 52,518
At 31st May 2023 43,214 49,099 92,313
DEPRECIATION
At 1st June 2022 9,949 - 9,949
Charge for year 7,706 3,273 10,979
At 31st May 2023 17,655 3,273 20,928
NET BOOK VALUE
At 31st May 2023 25,559 45,826 71,385
At 31st May 2022 29,846 - 29,846

5. STOCKS
2023 2022
£    £   
Work-in-progress 37,500 20,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 44,932 32,532
Other debtors 5,500 5,000
Directors' loan accounts 4,016 -
VAT - 4,796
Deferred tax asset - 4,521
Prepayments 903 6,816
55,351 53,665

L.M.E PLUMBING LIMITED (REGISTERED NUMBER: 12022269)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 5,594 5,594
Other loans (see note 9) 39,730 -
Trade creditors 37,649 24,458
Tax - 6,729
Social security and other taxes 15,896 1,140
VAT 6,278 -
Other creditors 2,327 -
Net wages 3,181 -
Directors' loan accounts - 4,538
Accrued expenses 1,320 1,320
111,975 43,779

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 34,220 39,776
Hire purchase contracts 12,507 16,457
46,727 56,233

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,594 5,594
Other loans 39,730 -
45,324 5,594

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,594 5,594

Amounts falling due between two and five years:
Bank loans - 2-5 years 28,626 34,182

L.M.E PLUMBING LIMITED (REGISTERED NUMBER: 12022269)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2023


10. PROVISIONS FOR LIABILITIES
2023
£   
Deferred tax
Accelerated capital allowances 13,563
Tax losses carried forward (6,175 )
7,388

Deferred
tax
£   
Balance at 1st June 2022 (4,521 )
Provided during year 11,909
Balance at 31st May 2023 7,388

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1 100 100